Big Data Trends You Should Know About in 2018

JOHANNA RIVARD | July 2, 2018

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The term Big Data refers to the entirety of the process that information goes through for real-world application. This means that it encompasses data gathering, data analysis, and data implementation.
In this post, we’ll briefly cover how big data got to where it is today and analyze the big data trends you should know about in 2018. Knowing what to do in the midst of change will help you implement the right data-driven marketing strategies to future-proof your business.THE EVOLUTION OF BIG DATAIn the past, big data was used primarily by big businesses, not only because their broad scope of service demanded more precise data, but also because they were the only ones who could afford the technology and channels used to collect and analyze the information.

Spotlight

Magnus-Data

Magnus Data is a system integrator and consulting firm bringing expertise and best practices with a focus in Big Data Analytics, Data Warehousing, Predictive Modeling and scale out OLTP database technologies to serve the customers Globally. Magnus Data’s differentiator is the knowledge of the internal workings of Big Data products and experience in implementing such technologies in some of the Fortune 100 companies and mid-market in several verticals. We have been part of developing the Big Data product companies and our best practices are unique from anyone in the industry.

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Will Quantum Computers Make Supercomputers Obsolete in the Field of High Performance Computing?

Article | May 12, 2021

If you want an explicit answer without having to know the extra details, then here it is: Yes, there is a possibility that quantum computers can replace supercomputers in the field of high performance computing, under certain conditions. Now, if you want to know how and why this scenario is a possibility and what those conditions are, I’d encourage you to peruse the rest of this article. To start, we will run through some very simple definitions. Definitions If you work in the IT sector, you probably would have heard of the terms ‘high performance computing’, ‘supercomputers’ and ‘quantum computers’ many times. These words are thrown around quite often nowadays, especially in the area of data science and artificial intelligence. Perhaps you would have deduced their meanings from their context of use, but you may not have gotten the opportunity to explicitly sit down and do the required research on what they are and why they are used. Therefore, it is a good idea to go through their definitions, so that you have a better understanding of each concept. High Performance Computing: It is the process of carrying out complex calculations and computations on data at a very high speed. It is much faster than regular computing. Supercomputer: It is a type of computer that is used to efficiently perform powerful and quick computations. Quantum Computing: It is a type of computer that makes use of quantum mechanics’ concepts like entanglement and superposition, in order to carry out powerful computations. Now that you’ve gotten the gist of these concepts, let’s dive in a little more to get a wider scope of how they are implemented throughout the world. Background High performance computing is a thriving area in the sector of information technology, and rightly so, due to the rapid surge in the amount of data that is produced, stored, and processed every second. Over the last few decades, data has become increasingly significant to large corporations, small businesses, and individuals, as a result of its tremendous potential in their growth and profit. By properly analysing data, it is possible to make beneficial predictions and determine optimal strategies. The challenge is that there are huge amounts of data being generated every day. If traditional computers are used to manage and compute all of this data, the outcome would take an irrationally long time to be produced. Massive amounts of resources like time, computational power, and expenses would also be required in order to effectuate such computations. Supercomputers were therefore introduced into the field of technology to tackle this issue. These computers facilitate the computation of huge quantities of data at much higher speeds than a regular computer. They are a great investment for businesses that require data to be processed often and in large amounts at a time. The main advantage of supercomputers is that they can do what regular computers need to do, but much more quickly and efficiently. They have an overall high level of performance. Till date, they have been applied in the following domains: • Nuclear Weapon Design • Cryptography • Medical Diagnosis • Weather Forecasting • Online Gaming • Study of Subatomic Particles • Tackling the COVID-19 Pandemic Quantum computers, on the other hand, use a completely different principle when functioning. Unlike regular computers that use bits as the smallest units of data, quantum computers generate and manipulate ‘qubits’ or ‘quantum bits’, which are subatomic particles like electrons or photons. These qubits have two interesting quantum properties which allow them to powerfully compute data – • Superposition: Qubits, like regular computer bits, can be in a state of 1 or 0. However, they also have the ability to be in both states of 1 and 0 simultaneously. This combined state allows quantum computers to calculate a large number of possible outcomes, all at once. When the final outcome is determined, the qubits fall back into a state of either 1 or 0. This property iscalled superposition. • Entanglement: Pairs of qubits can exist in such a way that two members of a pair of qubits exist in a single quantum state. In such a situation, changing the state of one of the qubits can instantly change the state of the other qubit. This property is called entanglement. Their most promising applications so far include: • Cybersecurity • Cryptography • Drug Designing • Financial Modelling • Weather Forecasting • Artificial Intelligence • Workforce Management Despite their distinct features, both supercomputers and quantum computers are immensely capable of providing users with strong computing facilities. The question is, how do we know which type of system would be the best for high performance computing? A Comparison High performance computing requires robust machines that can deal with large amounts of data - This involves the collection, storage, manipulation, computation, and exchange of data in order to derive insights that are beneficial to the user. Supercomputers have successfully been used so far for such operations. When the concept of a quantum computer first came about, it caused quite a revolution within the scientific community. People recognised its innumerable and widespread abilities, and began working on ways to convert this theoretical innovation into a realistic breakthrough. What makes a quantum computer so different from a supercomputer? Let’s have a look at Table 1.1 below. From the table, we can draw the following conclusions about supercomputers and quantum computers - 1. Supercomputers have been around for a longer duration of time, and are therefore more advanced. Quantum computers are relatively new and still require a great depth of research to sufficiently comprehend their working and develop a sustainable system. 2. Supercomputers are easier to provide inputs to, while quantum computers need a different input mechanism. 3. Supercomputers are fast, but quantum computers are much faster. 4. Supercomputers and quantum computers have some similar applications. 5. Quantum computers can be perceived as extremely powerful and highly advanced supercomputers. Thus, we find that while supercomputers surpass quantum computers in terms of development and span of existence, quantum computers are comparatively much better in terms of capability and performance. The Verdict We have seen what supercomputers and quantum computers are, and how they can be applied in real-world scenarios, particularly in the field of high performance computing. We have also gone through their differences and made significant observations in this regard. We find that although supercomputers have been working great so far, and they continue to provide substantial provisions to researchers, organisations, and individuals who require intense computational power for the quick processing of enormous amounts of data, quantum computers have the potential to perform much better and provide faster and much more adequate results. Thus, quantum computers can potentially make supercomputers obsolete, especially in the field of high performance computing, if and only if researchers are able to come up with a way to make the development, deployment, and maintenance of these computers scalable, feasible, and optimal for consumers.

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The case for hybrid artificial intelligence

Article | May 12, 2021

Deep learning, the main innovation that has renewed interest in artificial intelligence in the past years, has helped solve many critical problems in computer vision, natural language processing, and speech recognition. However, as the deep learning matures and moves from hype peak to its trough of disillusionment, it is becoming clear that it is missing some fundamental components.

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Splunk Big Data Big Opportunity

Article | May 12, 2021

Splunk extracts insights from big data. It is growing rapidly, it has a large total addressable market, and it has tremendous momentum from its exposure to industry megatrends (i.e. the cloud, big data, the "internet of things," and security). Further, its strategy of continuous innovation is being validated as the company wins very large deals. Investors should not be distracted by a temporary slowdown in revenue growth, as the company has wisely transitioned to a subscription model. This article reviews the business, its strategy, valuation the sell-off is overdone and risks. We conclude with our thoughts on investing.

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Understanding Big Data and Artificial Intelligence

Article | May 12, 2021

Data is an important asset. Data leads to innovation and organizations tend to compete for leading these innovations on a global scale. Today, every business requires data and insights to stay relevant in the market. Big Data has a huge impact on the way organizations conduct their businesses. Big Data is used in different enterprises like travel, healthcare, manufacturing, governments, and more. If they need to determine their audience, understand what clients want, forecast the needs of the customers and the clients, AI and big data analysis is vital to every decision-making scenario. When companies process the collected data accurately, they get the desired results, which leads them to their desired goals. The term Big Data has been around since the 1990s. By the time we could fully comprehend it, Big Data had already amassed a huge amount of stored data. If this data is analyzed properly, it would reveal valuable industry insights into the industry to which the data belonged. IT professionals and computer scientists realized that going through all of the data and analyzing it for the purpose was too big of a task for humans to undertake. When artificial intelligence (AI) algorithm came into the picture, it accomplished analyzing the accumulated data and deriving insights. The use of AI in Big Data is fundamental to get desired results for organizations. According to Northeastern University, the amount of data in the world was 4.4 zettabytes in 2013. By of 2020, the data rose to 44 zettabytes. When there is this amount of data produced globally, this information is invaluable to the enterprises and now can leverage AI algorithms to process it. Because of this, the companies can understand and influence customer behavior. By 2018, over 50% of countries had adopted Big Data. Let us understand what Big Data, convergence of big data and AI, and impact of AI on big data analytics. Understanding Big Data In simple words, Big Data is a term that comprises every tool and process that helps people use and manage vast sets of data. According to Gartner, Big Data is a “high-volume and/or high-variety information assets that demand cost-effective, innovative forms of information processing to enable enhanced insight, decision-making, and process automation.” The concept of Big Data was created to capture trends, preferences, and user behavior in one place called the data lake. Big Data in enterprises can help them analyze and configure their customers’ motivations and come up with new ideas for the creation of new offerings. Big Data studies different methods of extracting, analyzing, or dealing with data sets that are too complicated for traditional data processing systems. To analyze a large amount of data requires a system designed to stretch its extraction and analysis capability. Data is everywhere. This stockpile of data can give us insights and business analytics to the industry belonging to the data set. Therefore, the AI algorithms are written to benefit from large and complex data. Importance of Big Data Data is an integral part of understanding customer demographics and their motivations. When customers interact with technology in active or passive manner, these actions create a new set of data. What contributes to this data creation is what they carry with them every day - their smartphones. Their cameras, credit cards, purchased products all contribute to their growing data profile. A correctly done analysis can tell a lot about their behavior patterns, personality, and events in the customer’s life. Companies can use this information to rethink their strategies, improve on their product, and create targeted marketing campaigns, which would ultimately lead them to their target customer. Industry experts, for years and years, have discussed Big Data and its impact on businesses. Only in recent years, however, has it become possible to calculate that impact. Algorithms and software can now analyze large datasets quickly and efficiently.The forty-four zettabyte of data will only quadruple in the coming years. This collection and analysis of the data will help companies get the AI insights that will aid them in generating profits and be future-ready. Organizations have been using Big Data for a long time. Here’s how those organizations are using Big Data to drive success: Answering customer questions Using big data and analytics, companies can learn the following things: • What do customers want? • Where are they missing out on? • Who are their best and loyal customers? • Why people choose different products? Every day, as organizations gather more information, they can get more insights into sales and marketing. Once they get this data, they can optimize their campaigns to suit the customer’s needs. Learning from their online habits and with correct analysis, companies can send personalized promotional emails. These emails may prompt this target audience to convert into full-time customers. Making confident decisions As companies grow, they all need to make complex decisions. With in-depth analysis of marketplace knowledge, industry, and customers, Big Data can help you make confident choices. Big Data gives you a complete overview of everything you need to know. With the help of this, you can launch your marketing campaign or launch a new product in the market, or make a focused decision to generate the highest ROI. Once you add machine learning and AI to the mix, your Big Data collections can form a neural network to help your AI suggest useful company changes. Optimizing and Understanding Business Processes Cloud computing and machine learning help you to stay ahead by identifying opportunities in your company’s practices. Big Data analytics can tell you if your email strategy is working even when your social media marketing isn’t gaining you any following. You can also check which parts of your company culture have the right impact and result in the desired turnover. The existing evidence can help you make quick decisions and ensure you spend more of your budget on things that help your business grow. Convergence of Big Data and AI Big Data and Artificial Intelligence have a synergistic relationship. Data powers AI. The constantly evolving data sets or Big Data makes it possible for machine learning applications to learn and acquire new skills. This is what they were built to do. Big Data’s role in AI is supplying algorithms with all the essential information for developing and improving features, pattern recognition capabilities. AI and machine learning use data that has been cleansed of duplicate and unnecessary data. This clean and high-quality big data is then utilized to create and train intelligent AI algorithms, neural networks, and predictive models. AI applications rarely stop working and learning. Once the “initial training” is done (initial training is preparing already collected data), they adjust their work as and when the data changes. This makes it necessary for data to be constantly collected. When it comes to businesses using this technology, AI helps them use Big Data for analytics by making advanced tools accessible and obtainable to help users gain insights that would otherwise have been hidden in the huge amount of data. Once firms and businesses gain a hold on using AI and Big Data, they can provide decision-makers with a clear understanding of factors that affect their businesses. Impact of AI on Big Data Analytics AI supports users in the Big Data cycle, including aggregation, storage, and retrieval of diverse data types from different data sources. This includes data management, context management, decision management, action management, and risk management. Big Data can help alert problems and help find new solutions and get ideas about any new prospects. With the amount of information stream that comes in, it can be difficult to determine what is important and what isn’t. This is where AI and machine learning come in. It can help identify unusual patterns in the processes, help in the analysis, and suggest further steps to be taken. It can also learn how users interact with analytics and learn subtle differences in meanings or context-specific nuances to understand numeric data sources. AI can also caution users about anomalies, unforeseen data patterns, monitoring events, and threats from system logs or social networking data. Application of Big Data and Artificial Intelligence After establishing how AI and Big Data work together, let us look at how some applications are benefitting from their synergy: Banking and financial sectors The banking and financial sectors apply these to monitor financial marketing activities. These institutions also use AI to keep an eye on any illegal trading activities. Trading data analytics are obtained for high-frequency trading, and decision making based on trading, risk analysis, and predictive analysis. It is also used for fraud warning and detection, archival and analysis of audit trails, reporting enterprise credit, customer data transformation, etc. Healthcare AI has simplified health data prescriptions and health analysis, thus benefitting healthcare providers from the large data pool. Hospitals are using millions of collected data that allow doctors to use evidence-based medicine. Chronic diseases can be tracked faster by AI. Manufacturing and supply chain AI and Big Data in manufacturing, production management, supply chain management and analysis, and customer satisfaction techniques are flawless. The quality of products is thus much better with higher energy efficiency, reliable increase in levels, and profit increase. Governments Governments worldwide use AI applications like facial recognition, vehicle recognition for traffic management, population demographics, financial classifications, energy explorations, environmental conservation, criminal investigations, and more. Other sectors that use AI are mainly retail, entertainment, education, and more. Conclusion According to Gartner’s predictions, artificial intelligence will replace one in five workers by 2022. Firms and businesses can no longer afford to avoid using artificial intelligence and Big Data in their day-to-day. Investments in AI and Big Data analysis will be beneficial for everyone. Data sets will increase in the future, and with it, its application and investment will grow over time. Human relevance will continue to decrease as time goes by. AI enables machine learning to be the future of the development of business technologies. It will automate data analysis and find new insights that were previously impossible to imagine by processing data manually. With machine learning, AI, and Big Data, we can redraw the way we approach everything else. Frequently Asked Questions Why does big data affect artificial intelligence? Big Data and AI customize business processes and make better-suited decisions for individual needs and expectations. This improves its efficiency of processes and decisions. Data has the potential to give insights into a variety of predicted behaviors and incidents. Is AI or big data better? AI becomes better as it is fed more and more information. This information is gathered from Big Data which helps companies understand their customers better. On the other hand, Big Data is useless if there is no AI to analyze it. Humans are not capable of analyzing the data on a large scale. Is AI used in big data? When the gathered Big Data is to be analyzed, AI steps in to do the job. Big Data makes use of AI. What is the future of AI in big data? AI’s ability to work so well with data analytics is the primary reason why AI and Big Data now seem inseparable. AI machine learning and deep learning are learning from every data input and using those inputs to generate new rules for future business analytics. { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [{ "@type": "Question", "name": "Why does big data affect artificial intelligence?", "acceptedAnswer": { "@type": "Answer", "text": "Big Data and AI customize business processes and make better-suited decisions for individual needs and expectations. This improves its efficiency of processes and decisions. 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AI machine learning and deep learning are learning from every data input and using those inputs to generate new rules for future business analytics." } }] }

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Spotlight

Magnus-Data

Magnus Data is a system integrator and consulting firm bringing expertise and best practices with a focus in Big Data Analytics, Data Warehousing, Predictive Modeling and scale out OLTP database technologies to serve the customers Globally. Magnus Data’s differentiator is the knowledge of the internal workings of Big Data products and experience in implementing such technologies in some of the Fortune 100 companies and mid-market in several verticals. We have been part of developing the Big Data product companies and our best practices are unique from anyone in the industry.

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